The global flow chemistry market size is expected to reach USD 3.75 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.2% from 2022 to 2030. Advantages over batch reactors and growing investments in the pharmaceutical and chemical industries are projected to boost the market growth. The COVID-19 pandemic has accelerated the need to move away from chemical commodities to specialty chemicals as per the requirement of customers. Moreover, the adoption of continuous manufacturing has increased due to the supply chain disruptions caused by the pandemic, which is expected to augment the demand for flow chemistry over the forecast period.
Flow Chemistry Market Report Highlights
- The pharmaceuticals application segment is anticipated to expand at a lucrative CAGR of 12.0% from 2023 to 2030, in terms of revenue, due to the growing demand for technology that uses renewable energy sources and reduced manufacturing cost
- By reactor type, microreactor is expected to witness significant growth over the forecast owing to the increasing demand for environmentally-friendly equipment and the ability to increase selectivity
- Asia Pacific is estimated to expand at a significant CAGR of 12.4% over the forecast period on account of the rapidly growing petrochemical industries and a rise in academia and research in South Korea and Australia
- In Europe, Germany accounted for the largest revenue share of over 30.0% in 2021 owing to the advanced infrastructure, growing pharmaceutical and chemical industries, and skilled workforce
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Significant reductions in trash output and the eradication of non-renewable industrial methods are global environmental concerns. As a result, major economies are enacting policies to mitigate environmental damage. Several governments are implementing policies to meet the targets for reducing greenhouse gas emissions.
Continuous Stirred Tank (CST) reactor systems require little human involvement to operate, resulting in reduced labor costs associated with their deployment. Furthermore, both reactor systems have a high output rate, which leads to reduced production costs. The aforementioned factors are likely to boost the demand for CST reactor systems over the forecast period.
The growing pharmaceutical industry has positively impacted the market for several years on account of the increase in the number of potent and orphan drugs. Moreover, the need for process safety, reduction of investment cost, and quality standards are likely to augment the demand for flow chemistry over the forecast period.
The growing use of microreactors in the specialized chemical, fine chemical, and other petrochemical industries has helped to significantly reduce environmental impact while also lowering manufacturing costs. Microreactors are used in the bulk chemicals industry to produce several chemicals such as styrene and Ethylene Oxide (EO), which is expected to boost the market growth.
Reactor Type Segment Analysis
Factors responsible for the segment growth are high adoption, simple construction, good temperature control, low cost, and adaptability to two-phase runs. Moreover, the increasing use of CSTR in water and wastewater applications is likely to boost industry growth. Plug flow reactor, also known as tubular reactor, is one of the most commonly used reactors for gas phase reactions. The absence of moving parts, high conversion rate per reactor volume, simple mechanism, and low maintenance lead to a low overall cost of production from these reactors. Microwave-assisted organic synthesis has witnessed significant focus over the past years on account of its fast reaction rate, low byproducts and high yield, high purity of the products, easy scale-up, and ease of use.
Application Segments Analysis
The chemicals segment led the market, on account of increased use of environmentally friendly technologies such as flow chemistry in order to reduce greenhouse emissions. Moreover, increase in demand for specialty chemicals from automotive industry is expected to positively impact the industry growth. Numerous companies in the pharmaceutical industry have been trying to maintain a collaboration between the industry and academic sectors. Academia & research is likely to introduce new methodologies for manufacturing chemicals and APIs which is expected to augment the demand for reactors in this segment.
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Regional Segment Analysis
North America led the market, the increase in chemical and pharmaceutical production and a rise in investments in research and development in flow chemistry, especially in continuous processes, are some of the key factors fueling the industry growth. Increasing focus on the field of biotechnology and rising adoption of green production processes are also likely to augment the industry growth in Brazil. Flow chemistry makes the production of drugs economic and easy, resulting in the increased adoption of this technology by various pharmaceutical manufacturers across Europe. APAC region is estimated to expand at the highest CAGR. An increase in government expenditure on pharmaceutical production due to an increase in demand for generic drugs, coupled with the promising outlook for the chemical and petrochemical industries.
Major Companies in the Flow Chemistry Market
- Am Technology
- CEM Corporation
- Milestone Srl
- Biotage AB
- Syrris Ltd.
- Vapourtec Ltd.
- ThalesNano Inc.
- Hel Group
- Uniqsis Ltd.
- Chemtrix BV
- Ehrfeld Mikrotechnik BTS
- Future Chemistry Holding BV
- Corning Incorporated
- Cambridge Reactor Design Ltd.
- PDC Machines Inc.
- Parr Instrument Company
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Segmented the global flow chemistry market based on application, reactor type, and region.
List of Contents
Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market Research Approaches - Bottom Up Approach
Fig. 5 Market Research Approaches - Top Down Approach
Fig. 6 Market Research Approaches - Combined Approach
Fig. 7 Market Outlook
Fig. 8 Segmental Outlook
Fig. 9 Competitive Insights
Fig. 10 Market Segmentation & Scope
Fig. 11 Penetration and Growth Prospect Mapping
Fig. 12 Industry Value Chain Analysis
Fig. 13 Market Driver Analysis
Fig. 14 Pharmaceutical Sales of Top 10 Countries 2019 ( USD Billion)
Fig. 15 Chemical Industry Total GDP Contribution, by Region (2017)
Fig. 16 Chemical Sales of Top 10 Countries 2019 ( USD Billion)
Fig. 17 Market Restraint Analysis
Fig. 18 Flow Chemistry Market: Reactor Movement Analysis, 2020 & 2030
Fig. 19 Flow Chemistry Market: Application Movement Analysis, 2020 & 2030
Fig. 20 Flow Chemistry Market: Regional Movement Analysis, 2020 & 2028
Fig. 23 Company Market Position Analysis
The International Union of Pure and Applied Chemistry (IUPAC) has released a line-up of chemical innovations for 2019 which they think will change the world.
The list is quite interesting (and surprising) are reads like science fiction fantasies!New chemical processes and techniques are also being discovered every day.There is a flow synthesis technique that requires specialized equipment but is safer, cheaper, and yields better than batch production – both in the laboratory and at the industry-scale level.
It can be automated to run thousands of reactions a day.
When combined with polymer synthesis, flow chemistry can be used to create new compounds that are difficult to produce in a flask.Some other innovations included in the list were enzymes created through directed evolution, breaking down polymers into monomers (to make plastics biodegradable), radicals that can be deactivated and reactivated for improved polymerization reactions, and 3D bioprinting materials that can be used to print skin grafts, medical implants, bones, vessels, cartilage structures, and entire organs.
